SOURCE: Oil-Dri Corporation of America

Oil-Dri Corporation of America

June 10, 2013 16:23 ET

Oil-Dri's Retail and Wholesale Products Group Announces Price Increase for Clay Floor Absorbents

CHICAGO, IL--(Marketwired - Jun 10, 2013) - Oil-Dri Corporation of America (NYSE: ODC) announced today that it is implementing a 6% price increase for clay floor absorbent products to its janitorial supply customer base effective August 1, 2013. The price increase is the result of rising costs of mining and manufacturing, freight, healthcare and regulatory compliance.

Oil-Dri® clay absorbents undergo a superior moisture extraction process that increases absorption power and minimizes dust. Granular Clay Absorbents are available in both the traditional coarse formula as well as the finer QuickSorb™ grind. Both are made from the same high quality absorbent minerals and can be used on oils, coolants, grease, water and other liquid spills. Proper use of these products can reduce slipping accidents, prevent flash oil fires and keep floors clean and dry. Additional product information is available at www.oildri.net.

This release contains certain forward-looking statements regarding the company's expected performance for future periods, and actual results for such periods might materially differ. Such forward-looking statements are subject to uncertainties which include, but are not limited to, intense competition from much larger organizations in the consumer market; the level of success in implementation of price increases and surcharges; increasing acceptance of genetically modified and treated seed and other changes in overall agricultural demand; increasing regulation of the food chain; changes in the market conditions, the overall economy, volatility in the price and availability of natural gas, fuel oil and other energy sources, and other factors detailed from time to time in the company's annual report and other reports filed with the Securities and Exchange Commission.

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